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Alex Lawler

FILE PHOTO: An OPEC flag is seen on the day of OPEC+ meeting in Vienna  in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo
BusinessEconomyNewsOilPoliticsTrade

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File Photo
BusinessNewsOil

OPEC again cuts 2024, 2025 oil demand growth forecasts

OPEC's forecast on global oil demand marks its fifth consecutive downward revision in its monthly report.

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

OPEC cuts 2024, 2025 global oil demand growth view again

OPEC on Monday cut its 2024 global oil demand growth forecast for the third time this year, citing recent data trends.

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOilPolitics

OPEC+ unlikely to change output policy at Oct. 2 panel meeting

Oil prices have fallen in 2024, pressured by concern about global demand and rising supply outside OPEC+.

FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo
BusinessMaritimeNewsOilTrade

Brent oil traders use little known rule to reroute US cargoes

Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments...

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyElectric Vehicles (EVs)NewsOilPolitics

OPEC rolls out global oil outlook to 2050, sees no peak demand

OPEC is citing growth led by India, Africa and the Middle East and a slower shift to electric vehicles and cleaner fuels.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyFuelNewsOilPolitics

OPEC+ likely to proceed with planned output hike from October, sources say

OPEC+ is set to proceed with a planned oil output hike from October, six sources from the producer group told Reuters

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/ File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike

OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
AnalysisBusinessEconomyFuelIn-DepthOilPolitics

Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate or the market will struggle to absorb OPEC+ planned increase, analysts and industry sources say

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/ File Photo
BusinessFuelNewsOilPoliticsTrade

OPEC+ likely to stick to output policy at Aug 1 JMMC meeting

OPEC+ is unlikely to alter its current production cuts despite falling oil prices, as discussed in an upcoming meeting.

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